Jio Coin: RIL Explores Crypto Space with Polygon Labs Partnership
Jio Coin: Mukesh Ambani-led Reliance Industries’ technology arm, Jio Platforms, has entered the Web3 and blockchain space through a strategic partnership with Polygon Labs, the developer behind Polygon Protocols. This collaboration marks Jio Platforms’ debut in the blockchain industry in India. According to a statement, the partnership will enable Jio users to leverage the advantages of Web3 technology, unlocking new opportunities for decentralized solutions and digital innovation.
Several users took to Twitter to share pictures of JioCoin despite the company not making any official announcement about the same. Bitinning CEO Kashif Raza also shared the same, speculating that JioCoin could eventually be used for services like mobile recharges or purchases at Reliance gas stations.